Open banking platform provider Token.io has claimed first mover bragging rights, stating that it was the first licensed payment initiation service provider to conduct an end-to-end payment through a public bank API. read more

Six senior bankers, including the former chief executives of Citigroup and Deutsche Bank in Australia, have been charged with criminal offences following a two-year investigation of ANZ's controversial capital raising in 2015. read more

No matter which way you cut the numbers, Commonwealth Bank should count itself extremely lucky with the A$700 million deal it has negotiated with Austrac to settle its chronic non-compliance with Australian anti-money laundering and counter terrorism financing laws. read more

Lawyers mounting the class action against Commonwealth Bank for not disclosing anti-money laundering breaches before last August say their case has been strengthened by the record settlement of Austrac's legal claim. read more

ANZ, Citi and Deutsche will become the first financial services companies to face criminal charges in Australia over alleged cartel conduct - in this case dating from 2015 - assuming the DPP and ACCC follow through on claims publicised on Friday. read more